Ford Pivots to Focus on Mobility After Replacing CEO

  • Emma Sandler
  • May 22, 2017
Ford Motor Co., following pressure from shareholders over sagging stock prices, named Jim Hackett as its new CEO, replacing Mark Fields. Hackett, former CEO of Steelcase, recently served as chairman of Ford Smart Mobility, a subsidiary created last year to handle the automaker’s investments in autonomous vehicles and new mobility services. Fields had been investing […]

Tesla to Maintain High Lease Payments, Keeps Focus on Software Upgrades

  • Emma Sandler
  • May 4, 2017
Tesla Motors Inc. will not lower monthly lease payments to drive consumer demand because the automaker does not want to have “unrealistic” residual values, Chief Executive Elon Musk said during Tesla’s first-quarter earnings call yesterday. “Actually, I think one of the traps that the auto industry has got into in the past is having unrealistic […]

OEMs May Look for Other Finance Incentives as EV Tax Credit Ends

  • Emma Sandler
  • April 25, 2017
What will happen to sales and financing of electric vehicles when the $7,500 tax incentive from the U.S. government begins to phase out? This is a question currently on the minds of a few major OEMs, including Tesla, Nissan Motors Co., and General Motors Co. The federal tax incentive, which has been in place since […]

Root Insurance Preps for Self-Driving Cars, Eyes Rideshare Coverage

  • Natalie Mattila
  • April 18, 2017
Root Insurance is preparing to adapt its business model to continued innovation in the mobility sector — from ridesharing to autonomous cars, Mobility Buzz has learned. And it all starts with the company’s new program for Tesla owners. The program offers Tesla owners a discount if they use Autosteer — an updated feature of Tesla’s […]

Hevo Aims to Catapult Electric and Autonomous Vehicle Adoption

  • Emma Sandler
  • April 17, 2017
Hevo Power aims to be the catalyst for EV adoption by making its wireless electric vehicle charging universally applicable to all vehicles. There are many problems currently associated with owning an electric vehicle, from the plug-in hazards, battery power capacity, and plug-in conversion issues. Hevo aims to solve them all, Founder Jeremy McCool told Mobility Buzz. By […]
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